1804. 
Thefe Irifh dollars contain the fame quan- 
tity of filver, with thofe lately iffued by 
_ the bank of England at five fhillings Bri- 
tifh, and differ little in appearance, except 
in having the name and device of the 
bank of Ireland, in the place of thofe of 
the bank of England. 
Your Committee think it proper to call 
the attention of the Houle to the difference 
in value between the two kinds of filver 
currency thus introduced into the two 
countries. The dollar of the bank of 
England is very nearly equal in value to 
the 5s. for which it paffes; the dollar of 
the bank of Ireland, if the exchange were 
at par, would be nearly equal in value to 
gs. 5d. Irifhe The additional 7d. for 
which it is made to pafs, is a further and 
a nominal value, which it is obvious that 
it has been found neceflary to give to it, 
in order thereby to fecure the continuance 
of its circulation in Trelaod, under the 
prefent circumftances of the exchange; 
for if it had been exchangeable for 5s. and 
sd. of the prefent Irifh paper, there would 
have heen a profit on the exportation of it. 
Your Committee lament the. neceffity 
which has thus arien for fuffering the 
ftate of the exchange, even in any cale, to 
prefcribe the value which fhall be given 
to the current money, inftead of provid- 
ing that the value of the current money 
fha!l limit, as it ought ever to do, the fluc- 
tuations of the rate of exchange. 
It is to he ebferved, however, that the 
meafure of iffuing the filver currency in 
queftion, at the price of fix fhillings, is not 
the a& of Government; that the Irifh 
dollars are not the legal or ftandard coin 
of the kingdom, being deemed to bea 
mere token, the name token being infcrib- 
ed upon them; that they are not cafh 
within the meaning of the A&t of Parlia- 
ment impofing the reftrition; and above 
all, that they are reforted to only as a 
temporary expedient. 
Your Committee have been led to en- 
ter into thefe particulars by a with to 
point out the temptation to increafe the 
nominal value of the current coin to which 
a country Is fubjegted under the prefent 
eircumitances of Ireland, and alfo by an 
anxiety to affert the principle, that no de- 
preciation, either of the chief cr even of 
the inferior coins of thefe kingdoms, 
ought to be Icoked forward to as the 
means of remedying the evils refuliing 
from a too extenfive iffue of paper, and 
from a confequently unfavourable ex- 
change; and they cannot conclude this 
branch of their fubje& without remarking 
that the ftate of the filver coinage of Ire~ 
On Wiite-Wafhing the trunks of Treas. 
195 
land, and the circumftances which have 
attended it, form an additional argument 
in favour of thofe meafures for reGifying 
and fixing the exchange which they have 
recommended in the preceding part of this 
Report. 
When the exchange fnali be reduced to 
its proper ftate, it appears to your Com-~ 
mittee, that the 6s. dollar ought to be call= 
ed in at the expence of the bank of Ire= 
land. 
The fupply of filver, which it is im 
contemplation to procure, confifting of 
dollars only, without fmaller change, is 
very fhort of the quantity fuppofed to be 
neceflary; and the prefent diftrefles from 
want of filver all over Ireland, if fuffered. 
to increafe, or even continue, muft add to 
the depreciation of paper, by increafing 
the quantity in the worft thapes, througia 
the medium of fmall bankers, and thop- 
keepers with very inadequate capitals; on 
this fubje& it may be proper to remark, 
that the laws againft the iffuing of coun- 
terfeit or bafe co'n, as well as againft the 
forging of bankers notes, require to be 
amended and carried into mere firict exe-— 
cution. 
. The copper coinage is fo defetive that 
it appears there is not a mint halfpenny 
in circulation; and if it fhail be thoughs 
expedient to equalize the currency, by 
making the fhillings contain only 124. 
your Committee fubmit the advantage of 
doing fo, if it could be accomp ifhed with 
due regard to other circum#ances, befere 
a new copper coinage fhali take place; 
and the making the copper penny, halt= - 
penny, and farthing of England, equiily 
current in Ireland, as the fiver fhilling or 
golden guinea; and to abitain from cvin- 
ing any copper with any feparate device, 
or underany feparate weightor defcripti 
for ireland. 
SS 
For the Mcathly Magazine. 
On WHITE-WASHING the TRUNKS of 
TREES. 
ONCEIVING that the following dit 
covery may be of ule to the planter 
in genera!, and par.tcularly to the or- 
chardift, [ make no hefi‘ation in commu- 
nicating it to the Editor-of the Monthly 
Magazine. Being one day, in the courie 
of laftt month, upen avilit at my friend’s, 
Mr. Leigh, of Bouldaer, near Yarmouth, 
in the Ifie of Wight, i remarked thar 
feveral of the trunks of the trees, in his 
orchard, had been covered with wwéAvie- 
wa/h ; upon enguiri-g the reafon, he re- 
plied, that he had done it with a view za 
keep off the bares, and other anima's, and 
that 
